Retirement Systems

Eligible full time faculty may enroll in the State Teachers Retirement System (STRS) and eligible full time staff may enroll in the Ohio Public Employees Retirement System (OPERS). Both groups have the option to choose the Alternative Retirement Plan (ARP). Please see contact information below.

• Retirement Plan Contact Information

• Alternative Retirement Plan Document 

*Employer ARP Mitigating Contribution
Retirement System Contributions Effective 7/1/17
Retirement Plan	Employee Contribution	Employer Contribution
STRS	14%	14%
STRS/ARP	14%	14% (9.53% to Plan, 4.47% Administrative Fee*)
OPERS	10%	14%
OPERS/ARP	10%	14% (11.56% to Plan, 2.44% Administrative Fee*)

 

 

 

 

 

 

 

 

 

 

 

 

Employee contributions are "deducted" by the University from the employee's gross pay and paid directly to the retirement systems, thereby enabling employees to defer current federal and state taxes on this income.

Members of the STRS, OPERS, or ARP who leave University employment may withdraw their retirement contributions. The University’s contributions are vested after five years. This means that if the contributions are left on deposit, STRS or OPERS members will receive a pension at retirement age. For ARP members, vesting is immediate.